Mexico's ICA now sees New York Stock Exchange delisting on July 8

MEXICO CITY, June 29 (Reuters) - Mexico's ICA
said on Wednesday it expected to delist from the New
York Stock Exchange on July 8, earlier than previously
announced, as the construction company's share price has tumbled
on debt woes.

On Monday, ICA said it expected to delist from the exchange
after July 17.

At the time, ICA said the exchange notified it in January
that its American depositary shares were trading below $1 for
more than 30 days in a row "and therefore did not meet the
requirements for continued listing on the NYSE, subject to a
six-month cure period."

ICA said on Monday the delisting would not affect Mexico's
bourse, where roughly 80 percent of trading in its shares takes
place.

Hammered by a hefty dollar-denominated debt, a weak peso and
fewer infrastructure projects, ICA stopped making interest
payments on debt last year and has hired Rothschild to help it
restructure.

Local shares of ICA closed on Tuesday at 3.25 pesos (17
cents). The ADS's closing price in New York was 70 cents.